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Upstox Vs RMoney Share Broker Comparison

The side-by-side comparison of Upstox and Raghunandan Capital Pvt Ltd stock brokers in India. The comparison below highlights the similarities and differences between Upstox and RMoney's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Upstox and RMoney.

  Upstox Raghunandan Capital Pvt Ltd
 
Upstox Logo Raghunandan Capital Pvt Ltd Logo
About the Broker Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds... Know more about Raghunandan Capital Pvt Ltd
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Upstox Basic Zero Brokerage Plans
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Upstox Raghunandan Capital Pvt Ltd
Trading Account Opening Fees ₹150 (Eq and F&O), ₹150 (MCX) ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹150 ₹0 for lifetime (Free)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Upstox Raghunandan Capital Pvt Ltd
Account Type Upstox Basic Zero Brokerage Plans
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 ₹0 (Free)
Equity Intraday Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Brokerage Plan 2

  Upstox Raghunandan Capital Pvt Ltd
Account Type Upstox Priority Happy Service Plan
Fixed Charges ₹0 NA
Equity Delivery Brokerage ₹0 0.10% to 0.40%
Equity Intraday Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.01% to 0.04%
Equity Futures Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Equity Options Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹20 to ₹80 per lot
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.005% to 0.02%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 ₹0
Other Brokerage Charges Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges ₹20 per trade ₹0 (Unlimited Calls)
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Taxes

  Upstox Raghunandan Capital Pvt Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Upstox Raghunandan Capital Pvt Ltd
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures NSE ₹210 NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options NSE ₹5500 NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures ₹150 NSE, BSE - ₹150 per crore (0.0015%)
Currency Options ₹6000 NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity MCX ₹260/Cr MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)
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Exposure

  Upstox Raghunandan Capital Pvt Ltd
Equity Delivery 2.5x Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x 20x (5%) (Intraday Only)
Equity Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 100X (1%)
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Intraday - 100X (1%)
Commodity Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x Intraday - 77X (1.3%)
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Share Broker Features

  Upstox Raghunandan Capital Pvt Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time 3:15 PM Equity 3:15 PM
Other Features Option strategy builder
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Broker Ratings (Average User Rating)

  Upstox Raghunandan Capital Pvt Ltd
  49 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate RMoney
Fees Ratings 3.8 4.7
Trading Brokerage Rating 3.6 4.7
Trading Platform Usability 2.9 4.3
Customer Service Ratings 2.5 4.0
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating Upstox is Rated 2.6 / 5 based on 49 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Upstox Raghunandan Capital Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Upstox Raghunandan Capital Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Corporate FD, Life Instance, General Insurance
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Customer Service Offered

  Upstox Raghunandan Capital Pvt Ltd
24/7 Customer Service No No
Onine Live Chat No No
Through Branches No Yes
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Order Type

  Upstox Raghunandan Capital Pvt Ltd
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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Research / Tips / Reports Published

  Upstox Raghunandan Capital Pvt Ltd
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes
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Suitable for Investor Category

  Upstox Raghunandan Capital Pvt Ltd
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Upstox Raghunandan Capital Pvt Ltd
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

More Advantages...

  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.

More Advantages...

Cons
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.

More Disadvantages...

Reviews Useful articles about Upstox: Useful Articles:
Promo / Offers

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

Request Callback

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

Enquire about Upstox
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